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19:57, 8.09.2008 Romanian Defense Min Said Revolution Soldier Amnesty Needs Organic Law
BUCHAREST / 19:57, 8.09.2008 The Romanian Ministry of Defense said the Legislation and Legal Assistance Department did not approve the initiative proposing amnesty for the deeds of soldiers during the December 1989 Revolution, a stance supported by defense minister Melescanu, Monday in a meeting with NGO... [related news and comments]

19:39, 8.09.2008 Romanian Senate Eliminates Pollution Tax, Stipulates Full Refunds
BUCHAREST / 19:39, 8.09.2008 The Romanian senators on Monday voted 58 to 11 and to eliminate both the old tax on cars and the current pollution tax, stipulating full refunds of the cash collected so far. The lawmakers adopted an amendment to the Government emergency Ordinance 50/2008, eliminating the pollution tax... [related news and comments]

17:48, 8.09.2008 Romania Ctrl Bker: Hard Landing Risk Of Economy Is Limited, GDP Seen Near 6% On Yr
BUCHAREST / 17:48, 8.09.2008 Romaniaa€™s central bank governor Mugur Isarescu said Monday in an interview there is limited risk for the "hard-landing" of the economy, and sees economic growth at around 6% over the next years Romania’s economy grew by 8.8% in the first half of the year, boosted by a robust 9.3%... [related news and comments]

17:23, 8.09.2008 Romanian "Malware" Hackers Remain In Custody For Another 29 Days
BUCHAREST / 17:23, 8.09.2008 The magistrates within the Romanian Pitesti Court of Appeal decided, Monday, to extend by another 29 days the arrest warrants issued for the 20 hackers arrested in the "Malware" case in Ramnicu Valcea. A According to Cristian Galateanu, spokesperson for the Pitesti Court of Appeal, the... [related news and comments]

16:47, 8.09.2008 Romanian National Dies In Plane Crash NE Italy - Paper
VENICE / 16:47, 8.09.2008 Two men, including one Romanian, died after a small plane crashed in a mountain area in northeast Italy, Montagnatv reported Monday. The second victim was an Italian citizen. The plane crashed on Saturday evening due to yet undetermined causes, leaving its two passengers dead, the... [related news and comments]

16:11, 8.09.2008 Romanian Minister Joins Environmentalists In Hunting Law Protest
BUCHAREST / 16:11, 8.09.2008 Romanian environment minister Attila Korodi joined dozens of environmentalists affiliated to non-government organizations picketing the Parliament Monday, protesting against the countrya€™s new hunting law, which would allow hunting in natural reservations. Dozens of environmentalists... [related news and comments]

16:04, 8.09.2008 Romanian President to Address Policy Issues Before Parliament
BUCHAREST / 16:04, 8.09.2008 Romanian president Traian Basescu contacted the leaders of the two Chambers of Parliament saying he wants to address lawmakers to present a report on Romaniaa€™s local and foreign policy. The exact date of the meeting will be set later in a meeting of the reunited Standing Offices. A ... [related news and comments]

15:17, 8.09.2008 Romtelecomas Mobile License Fee Discourages Competition - Vodafone Romania
BUCHAREST / 15:17, 8.09.2008 The granting of a mobile communication license to Romanian operator Romtelecom at a much lower price than that paid by other operators favors Romtelecom and affects competition, officials of mobile operator Vodafone Romania said Monday. "Vodafone will take legal action, considering the... [related news and comments]

City Mall changes manager and turns leisure areas into offices - Azi
At the end of 2006, City Mall shopping complex in Southern Bucharest was valued at 88.2 million euros, 15 million euros below the price paid by the Australians at APN/UKA, the current owners. The market value of the City Mall shopping centre fell 24% in the fiscal year ended on June 30, 2008, to 88. 2 million euros,... [related news and comments]

How Cornelia Coman became the most powerful woman in insurance - Azi
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Romania, solution for investors hurt by global crisis - Azi
Matei Paun, owner of BAC Investment, a M&A and finance consultancy, says Romania continues to be a solution for global strategic investors that seek further growth amid the international financial crisis. "It"s true it"s much more difficult now to raise money for project development, but Romania continues to be a... [related news and comments]

Consumer credit in RON exceeds 10bn euros - Azi
Consumer credits taken out by the population in RON went up to a level equivalent to 10.3 billion euros, a 36% increase on July last year, according to data from the NBR (National Bank of Romania). While overall there is a slowdown in the credit growth rate, consumer loans taken out by the population in RON jumped... [related news and comments]

RAM: To start with, we will sell voluntary pensions to corporate clients - Azi
Raiffeisen Asset Management (RAM), a company that recently launched a voluntary pension fund (3rd pillar), will start off by selling pensions to companies, relying mainly on the credit portfolio of the parent bank. "To start with, corporate sales will be a priority. We will address companies that are in business... [related news and comments]

Bankers follow their clients into malls - Azi
A series of banks with aggressive retail expansion plans, such as BCR and Alpha Bank, are relying heavily on branches opened in shopping centres, with some malls including as many as six or seven bank branches. Among the malls accommodating such bank "networks" are Polus Center in Cluj, with seven branches, City Mall... [related news and comments]

Prista Oil posts lower turnover due to oil prices - Azi
Bulgarian manufacturer Prista Oil, one of the top lubricant importers on the local market, estimates its sales rate in Romania will go up 50% in the second half of the year, to 9 million euros. In the first half of the year, the car and industrial lubricants manufacturer posted sales worth 6 million euros in Romania,... [related news and comments]

Energom Cluj builds 3m-euro headquarters - Azi
Energom, a member of French group Peintamelec, a company that deals in industrial automation and manufactures metal structures, intends to invest three million euros next year in the construction of headquarters in Cluj. The building will have an area of around 3,500 square metres, and the investment will be completed... [related news and comments]

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